Insurance ICICI Lombard records net profit of Rs.1730 crore in FY 2022-23

ICICI Lombard records net profit of Rs.1730 crore in FY 2022-23

Profit after tax (PAT) grows at 36% last year.

Team Cafemutual May 8, 2023

Listen to this article

ICICI Lombard General Insurance has recorded net profit of Rs.1730 crore in FY 2023.

The company has witnessed 36% growth in terms profit after tax (PAT). The insurer booked PAT of Rs.1272 crore in FY 2022.

Overall, the insurer saw gross direct premium income (GDPI) of Rs. 21,000 crore in FY2023 compared to Rs.17,900 crore in FY2022, a growth of 17% which was higher than the industry growth of 16%.

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Tata AIA Life crosses AUM of Rs. 1 Lakh Crore

Life insurers add 2.76 lakh Individual agents in FY24

Life insurers industry collects new business premium of Rs.3.78 lakh crore in FY 2024

No age limit to buy a health plan: IRDAI

TVS group forays into health insurance business

IRDAI directs insurers to increase focus in rural areas and social sector

Customer satisfaction score of top 12 life insurance brands remains stagnant from 2023 to 2024

No change in surrender value

Insurers/distributors cannot mislead policyholders with extraordinary benefits: IRDAI

TVS group forays into health insurance business

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

Help me get clients of other distributors who are underserved

Lead to poaching of clients

No significant effect on my business

EVENTS FORUMS